Hello community of Prroject.Hope, I hope you have an excellent week, everyone, and that it will be of much benefit. In the midst of all the changes that have occurred this year, one of them has been the favorable trend that has been many people in search of new sources of income, and that in some way came to the cyptocurrencies, also note that technology DeFi has put in the global arena of finance this name, and of course, with it, the cryptos.
But, something that remains unaltered and as one of the main characteristics of cryptomoney is its volatility. We have just seen it, in some weeks Bitcoin went from 9,000 to more than 12,000 dollars per unit, then it went down to 10,000. This has a direct effect on people who see news about it, making them act by taking out their capital or investing more, for the purchase, everything depends on the urgency of the person, the confidence in the project, among other things.
I must emphasize that the news has a great effect, almost immediately on cryptography users, who will move their money in one direction or another. Depending on the type of news that becomes public knowledge, we can have two extremes of price development depending on how positive or negative the information is.
On the one hand we can visualize a news item that favors the cryptographic environment, for example, imagine this news headline:
The European Community legalizes the use of Bitcoin for payment of all kinds of services and goods
Can you visualize what would happen at that moment? 🤑
The price of BTC would surely go through the roof, and with it, the price of most of the Altcoins, whose price moves similar to the price of BTC , we could have a hive in 5 or more dollars, can you imagine? Those who have Bitcoin in their Wallets could make a lot of money in a short time, only in a matter of minutes, literally.
That could happen behind a similar news, however, is something I do not see very likely, however, we must not lose hope that little by little cryptography continues to gain ground along with the Blockchain that supports it. Only time will tell, however I consider that this year has been of much progress for all of us who are already walking at the pace of this technology, or at least trying.
But what would happen if the news that prevailed was the prohibition of the use of cryptocurrencies in the entire European Community?
Without a doubt it would be the opposite, the price would go down, and many would sell quickly which, in turn, would reinforce the decrease in price and obviously the Altcoin, would also lower the price.
Of course, these are hypothetical cases, I hope that something similar does not happen, however, there are those who, because of the power they have over the media or over the networks, can create a false news item, generate a drop in the price of a certain currency and later release another positive news item, after having bought cheaply, and the price of the currency is restored.
That's why the cryptographic world is complex, and there are those who don't like it, but, here it is and here it will continue, until when? I don't know, but I think there's still a lot to give.
Thank you very much for your support.
Happy start of the week.
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STOPNews influence people's decision in the crypto world, where as, I don't seem to like the idea. Even analyst do make their analysis and after their conclusion, they always advice you to follow your mind and not just their forecast. Why? Because in crypto, no one can predict what the next minutes kept in stock. Beautiful article you have pasted my friend.
Yes, instinct is important in these matters.
A good technical analysis can be easily overturned by any event, it is a reality that appears suddenly, example the pandemic.
Thank you very much for the comment.
If my good friend @josevas217, the news that they usually give with respect to the cryptocurrencies and that affected in a direct and indirect way, after reading this I could even think that the news can be somehow to manipulate the behavior on the people and to create alarms so that these sell and then those that know simply buy in low.
Well, as they say over there, think badly and you'll be right.
These media operations can be profitable for many, but unfortunately those who have the most benefit from them, that is the reality of @lanzjoseg
Thank you for the comment.
those who control the news have the power to create and manage opinion matrices, many times the owners of many exchanges use their influence to create markets and opportunities, sending news that favors them.
Power embraces power, and a few benefit, it has always been so. In the age of communication, whoever dominates it dominates the world, literally.
Really good topic. Timely. This is something that needs a dedicated website.
Thanks for the comment.
It is necessary to learn from everything, at least for me it is important.
Indeed, lifelong learning and the acceptance that there's a universe to understand at any given time.
Certainly, it is more what we do not know than what we do know. Luckily we can learn something new every day, if that's what we want.
This is very true and people immersed in this market can attest to it, in fact we can notice that the cryptographic market is very complex.
No matter how good a trader you are and how well you analyze, you are always going to be subject to a lot of things that you can't control. Thank you very much for the commentary friend @rbalzan79